The Benefits and Policies Employers Are Offering to the Class of 2014

Life insurance, medical insurance,
and 401(k) retirement plans are the benefits and policies most
often offered by employers to Class of 2014 college graduates,
according to results from NACE's Job Outlook
2014 survey.

Nearly all of the employers
responding to the survey indicated they will offer life insurance,
medical insurance, and 401(k) retirement plans to their new hires.
Most respondents also noted they will offer annual salary increases,
dental insurance, and an employee assistance/counseling program.
(See Figure 1.)

While the benefits and policies that
employers offer new college graduates are generally consistent from
year to year, there are two notable changes from last year. Four
out of five respondents to the current survey are offering
bonus/commission plans—up from just under 70 percent—and a larger
percentage are offering flextime.

NACE collected data for the Job
Outlook 2014 survey from its college recruiting
professional members from August 5 through September 13,
2013.A total of 208 surveys were returned for a response rate
of 19.8 percent. The Job Outlook 2014 report is
available at www.naceweb.org/surveys/job-outlook.aspx or through the MyNACE area of NACEWeb.

Figure 1: Benefits and policies, 2013-14 and 2012-13

Benefit/Policy

% of Respondents Who Will
Offer in 2013-14

% of Respondents Who Offered
in 2012-13

Life insurance

98.8%

98.9%

Medical insurance

98.8%

98.9%

401(k) retirement plan

97.0%

97.8%

Annual salary increases

96.4%

94.4%

Dental insurance

94.7%

98.9%

Employee assistance/counseling
program

94.7%

93.9%

Tuition reimbursement

86.0%

84.6%

Casual dress policy

84.8%

87.6%

Bonus/commission plans

80.1%

69.9%

Planned social activities

78.7%

79.0%

Frequent performance reviews (more
than one per year)

74.7%

73.4%

Benefits to domestic partners

74.5%

70.9%

Flextime

65.5%

57.6%

Family-friendly benefits

63.0%

64.0%

More than two weeks' vacation

58.8%

57.6%

On-site fitness center

51.5%

51.4%

Telecommuting

41.4%

39.2%

Pension plan

31.9%

28.0%

Stock options

30.7%

28.0%

Day care facilities

10.5%

13.0%

Company car

9.9%

7.9%

Payback of existing student
loans

4.3%

1.7%

Source: Job Outlook 2014, National Association of Colleges and Employers